By Kenneth Lim
Boston, Oct. 23 - Fannie Mae priced $3.5 billion of new 2.625% Benchmark Notes due Nov. 20, 2014 on Friday at 99.474 to yield 2.737%.
The yield was equivalent at the time of pricing to 33 basis points over Treasuries, at the tight end of price talk for a spread of 33 to 35 bps.
Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan & Co. were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $3.5 billion
|
| Maturity: | Nov. 20, 2014
|
| Coupon: | 2.625%
|
| Price: | 99.474
|
| Yield: | 2.737%
|
| Spread: | 33 bps over Treasuries
|
| Price talk: | 33-35 bps over Treasuries
|
| Call protection: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan & Co.
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 26
|
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